Basilisk (BSX) is a Kusama-based liquidity protocol designed to facilitate seamless liquidity bootstrapping for emerging crypto assets. More
| Fully Diluted Valuation | $2.14M |
|---|---|
| 24H Trading Volume | $1,887 |
| 24H Low / High | $0.00004055000000000001 / $ 0.00004361 |
| Circulating Supply | 23.57 B |
| Total Supply | 49.00 B |
| Max Supply | 100.00 B |
| Founder | Anonymous |
|---|---|
| Website | bsx.fi Whitepaper |
| Socials | 2 more |
| Explorer | Subscan |
| Name | Pair | OG Score |
|---|
Basilisk is an independent liquidity protocol that helps new crypto assets by providing a platform for liquidity bootstrapping. It supports different Automated Market Maker (AMM) models, starting with Snek Swap, which allows users to trade tokens and earn rewards by providing liquidity.
Key Features
Snek Swap: A platform for exchanging tokens and earning rewards.
Snek LBP (Liquidity Bootstrapping Pool): Helps new projects establish liquidity.
Snek Farms: Provides rewards to liquidity providers.
NFT Marketplace: Allows buying and selling of NFTs.
These features help new projects manage liquidity from their initial launch to later stages.
Partnership with HydraDX
Basilisk works with HydraDX, which aims to create a Polkadot parachain called the Omnipool. This partnership allows projects to start with Basilisk and later move to HydraDX for even greater liquidity.
Security
Basilisk prioritizes security by integrating with hardware wallets. This keeps private keys offline and reduces the risk of hacking and unauthorized access.
Recent Developments
Basilisk has recently focused on distributing tokens to its supporters and expanding its presence in the crypto market. The introduction of Bitcoin ETFs has also been a significant development, potentially benefiting projects like Basilisk by increasing overall market liquidity.
Future Plans
Basilisk plans to introduce additional features like Liquidity Mining (LM) and advanced Liquidity Bootstrapping Pools (LBP). These will further support liquidity for new crypto assets and help in price discovery.
Conclusion
Basilisk (BSX) is designed to simplify liquidity for new crypto projects. Its range of features and collaboration with HydraDX offer valuable support for emerging cryptocurrencies. As always, thorough research and risk consideration are important for anyone interested in investing.
Basilisk (BSX) is unique for its modular liquidity protocol on the Kusama network, designed to facilitate seamless liquidity bootstrapping for new crypto assets through features like Snek Swap and Liquidity Bootstrapping Pools (LBP).
The founders of Basilisk (BSX) are anonymous, but the project is closely associated with the HydraDX team, who are leading its development.
